New Delhi: Cement maker Dalmia Bharat Ltd has reported a 9.91 percent fall in consolidated net profit at Rs 209 crores for the second quarter ended September 30, 2021.
The company had posted a net profit of Rs 232 crore during the July-September period a year ago, Dalmia Bharat said e in a regulatory filing. Revenue from operations was up 11.41 percent to Rs 2,577 crore during the quarter under review as against Rs 2,313 crore in the year-ago period.
Total expenses were at Rs 2,309 crore as against Rs 1,986 crore in the year-ago period.
Its sales volume was higher at 5.1 million tonnes from 4.8 million tonnes earlier.
“In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” Managing Director Puneet Dalmia said.
On the outlook, Dalmia said he expects the demand and pricing environment for the sector to improve in the rest of the year as India’s economy continues to rebound from the lows of last year.